SIE Practice Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

a company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum of shares to be purchased. An investor wants to participate in this offer and tenders his 1000 share position. At the close of the offer period, only 900,000 shares have been tendered. How many, if any, of the investor's shares will the company purchase? a. 0 b. 100 c. 900 d. 1000 : 1000 Company ABC announces a 20% stock dividend for its common shareholders. If a customer holds 1000 shares at $50 what is the new price and number of shares following the payment of the stock dividend? a. 800 shares at 62.50 b. 1000 shares at 41.67 2 | P a g e c. 1200 shares at 41.67 d. 1200 shares at 50 : c. 1200 shares at 41.67 When a br